Toys and games in Thailand experienced a slowdown in retail value growth in 2023, amid factors like a gradually slowing birth rate and falling 0-14-year-old population and economic pressures in an inflationary climate. Video games continued to significantly outperform traditional toys and games in retail value sales and growth terms, continuing the trend that was evident through the review period.
Economic factors like inflation exerted upward pressure on production and transportation costs and product prices. Thus, economic uncertainty limited consumer confidence and discretionary spending, which impacted purchases of traditional toys and games in 2023.
Garena Online (Thailand), the leader in video games, led toys and games overall in retail value share terms in 2023. The player leveraged the dynamism of video games to increase its share in this category and the industry overall.
Retail e-commerce continued to leverage the huge popularity of mobile and online gaming to dominate the distribution of toys and games in Thailand. The channel’s retail value share continued to rise at the end of the review period.
The outlook for toys and games in Thailand is promising. Video games is set to continue to leverage the high popularity of online and mobile gaming to lead the way with fast retail value (constant 2023 prices) growth.
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Toys and Games
This is the aggregation of traditional toys and games and video games.
See All of Our DefinitionsThis report originates from Passport, our Toys and Games research and analysis database.
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